JSW Infrastructure Reports 21% Revenue Growth, Cargo Handling Up 5%
Navkar Corporation, India's second-largest private commercial port operator, announced strong financial results with a 21% increase in operating revenue to ₹1,224.00 crore and a 31% rise in Profit After Tax to ₹390.00 crore. The company handled 29.40 million tonnes of cargo, up 5% year-on-year, with third-party cargo share increasing to 52%. Growth was driven by robust coal handling operations and strong performance across various ports. Navkar also secured new projects and maintained a strong financial position with ₹4,360.00 crore in cash and bank balances.
*this image is generated using AI for illustrative purposes only.
Navkar Corporation , India's second-largest private commercial port operator, has announced impressive financial results, showcasing significant growth across key metrics.
Strong Financial Performance
The company reported a substantial 21% year-on-year increase in operating revenue, reaching ₹1,224.00 crore. Total revenue climbed to ₹1,314.00 crore, marking a 19% growth compared to the same period last year. Profit After Tax (PAT) saw a remarkable surge of 31%, amounting to ₹390.00 crore.
Operational Highlights
Navkar Corporation handled a total cargo volume of 29.40 million tonnes, representing a 5% increase year-on-year. Notably, the share of third-party cargo rose to 52%, up from 50% in the previous year, indicating the company's growing appeal to external customers.
Key Factors Driving Growth
The company attributed its strong performance to several factors:
- Robust coal handling operations at Ennore, PNP, and Paradip ports
- Impressive performance at South West Port and Dharamtar Port
- Successful interim operations at the Tuticorin Terminal and JNPA Liquid Terminal
Strategic Developments
Navkar Corporation made significant strides in expanding its operations:
- Received a Letter of Award from Syama Prasad Mookerjee Port Authority for redeveloping and mechanizing container berths at Kolkata's Netaji Subhas Dock
- Signed a binding Memorandum of Understanding with Konkan Railway Corporation for developing the Bhoke Railway Siding in Ratnagiri district
Financial Position
The company maintains a strong balance sheet with a net debt of ₹1,246.00 crore. Cash and bank balances stood at ₹4,360.00 crore, demonstrating Navkar Corporation's solid liquidity position.
Sustainability and Recognition
Navkar Corporation's commitment to sustainability was acknowledged with a Leadership Grade (A-) in CDP's Supplier Engagement Assessment. Additionally, the company received sustainability awards for its ports, including Dharamtar Port winning the 24th Global Environment & Sustainability Award in the Port sector by the Greentech Foundation.
Outlook
With its strong performance and strategic initiatives, Navkar Corporation appears well-positioned to capitalize on growth opportunities in India's port and logistics sector. The company's focus on expanding capacity, diversifying its cargo mix, and enhancing operational efficiency is likely to drive continued growth in the coming quarters.
| Key Metrics (₹ Crore) | Current | Previous | YoY Change |
|---|---|---|---|
| Operating Revenue | 1,224.00 | 1,010.00 | +21% |
| Total Revenue | 1,314.00 | 1,104.00 | +19% |
| Operating EBITDA | 581.00 | 515.00 | +13% |
| PAT | 390.00 | 297.00 | +31% |
| Cargo Handled (MT) | 29.40 | 28.10 | +5% |
As Navkar Corporation continues to expand its operations and improve its financial performance, it remains a key player to watch in India's infrastructure and logistics landscape.
Historical Stock Returns for Navkar Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.46% | +7.81% | +6.22% | +39.55% | -13.47% | +360.89% |
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